Ground floor retail in Midtown Manhattan has a variety of tenants. On Third Avenue between East 46th Street and East 47th Street is the 39 story office building at 747 Third Avenue. At the corner of East 46th street, construction is underway for a new retail tenancy. The newest tenant is not a bank, nor a Starbucks or restaurant; it is a 5,000 square foot multi purpose office lounge which will be operated by flexible workspace firm Regus. Earlier this year, the company signed a 15 year lease on 28,478 square feet for its three floor flagship business center, which will feature the business lounge.
The concept of a business lounge has been around for more than half a century, originating with private lounges for airlines at airports. With over 1,200 locations across 550 cities and 95 countries, Regus is offering a business person the opportunity with a comfortable, well equipped workspace.
The lounge offers free secure Wi-Fi and refreshments with access to print, scan and copy documents. Members are also offered the opportunity to rent meetings rooms, day offices and video communications. Membership pricing is based upon the specific lounge and city locations and whether a member is seeking local, national or international use of the Regus facilities.
With at least fifty companies in the metropolitan region offering office suites service in New York City and the region, expect many of these companies to follow the lead of Regus and offer a similar business lounge service